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UAE Central Bank partners China, Hong Kong regulators for digital currency initiatives Banking

Dubai: The Central Bank of UAE (CBUAE) will join a multi-currency central bank digital currency project for cross-border payments initiated by Hong Kong Monetary Authority (HKMA), the Bank of Thailand and People’s Bank of China (PBC).

The CBUAE along with the Digital Currency Initiative (DCI) of PBC is now part of the second phase of the Project Inthanon-LionRock1, initiated by the HKMA and the BOT.…

This data comes from the ChinaPulse.com media intelligence and smart news insights platform.

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